WH Smith profits exceed expectations despite continued losses at Do It All

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The Independent Online
Sir Malcolm Field, group managing director of WH Smith, the retailer. Smith's shares jumped 16p to 471p yesterday as it announced a 5.3 per cent rise in pre-tax profits to pounds 113.8m for the year to 29 May and said sales this year were on an upward trend. But Do It All, the do-it-yourself chain, was once again a black spot, increasing its loss from pounds 9.4m to pounds 14.3m.

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